[Start of Market Research Report Handling] World Market Report on Medical Polymers 2024

■Overview
The market size for medical polymers is expected to expand from USD 22.31 billion in 2023 to USD 24.53 billion in 2024, with a CAGR of 9.9%. This growth during the period is attributed to factors such as the increase in minimally invasive surgeries, advancements in surgical techniques, the aging population, a focus on infection prevention, and the expansion of applications in drug delivery.
The rising prevalence of chronic diseases is anticipated to drive the growth of the medical polymer market in the future. Chronic diseases last for more than a year and require ongoing medical care, significantly impacting individuals' daily lives. Diseases such as heart disease, cancer, obesity, and diabetes are utilizing medical polymers in the manufacturing of implants, drug delivery systems, and durable medical devices to enhance therapeutic effects and improve patients' quality of life due to their biocompatibility and long-term stability. According to a report from the U.S. National Center for Biotechnology Information (NCBI) in January 2023, it is projected that by 2050, there will be a 99.5% increase in patients aged 50 and older with at least one chronic disease, reaching 142.66 million from 71.52 million in 2020.
■Issued by
The Business Research Company

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